Firstxtra are committed to providing market information to clients about the range of mortgage
service available. Although Firstxtra are not authorised themselves to advice on equity release
mortgages, the service can be provided through us to one of the leading companies in the UK – Key
Retirement and here is information that has been provided by them. What is equity release?
Put simply, equity release allows you to unlock cash from your home in the form of a tax-free lump
sum, or by drawing smaller amounts as and when you need them. During retirement, some people
may choose to downsize in order to raise funds. However, if you don’t want to move from your
family home, equity release could be the ideal solution for you. According to the Equity Release
Council (ERC), £1.61 billion was released in 2015 and more than 22,500 plans were agreed, which
makes for a record breaking year!
*Source: Nationwide House Price Index 2015
Equity release advice is provided by a third party. Neither Firstxtra Financial Services Ltd nor First Complete Ltd are responsible for the advice reveived.
The information contained within was correct at the time of publication but is subject to change.
